Essential Skills: Bankruptcy
Income contribution assessments
Assessing a bankrupt’s income contributions is complicated by the wide definition of ‘income’ contained in s 139W of the Bankruptcy Act.
This course explains what constitutes ‘income’ for the purposes of the Act, how the compulsory contribution scheme works and the resources available to assist collecting contributions payable.
You’ll gain a working knowledge of how to assess a bankrupt’s income for the purposes of determining the contribution payable, and the framework and tools available for the collection of contributions.
Learning objectives
At the end of this course you will be able to:
- Explain the legislative requirements for income contribution assessments
- Determine a bankrupt’s income for the purposes of an income contribution assessment
- Calculate the contribution payable by the bankrupt
- Outline the contribution collection process
- Discuss a bankrupt’s rights for review and hardship application
Course delivery
On-demand via ARITA Learning Centre
Cost
Individuals
$150 (GST incl.) for ARITA members and subscribers / Government
$250 (GST incl.) for non-members
Licensing packages
Flexible packages are available to suit firms of all sizes. You can purchase the entire suite of courses or specific subject areas. More information
CPE
Up to 1.1 verifiable CPE hours.
Prerequisites
We recommend you complete the Introduction to Insolvency Program or have one year of on-the-job experience prior to registering for this course.
Questions?
Contact our education team.
Please see our enrolment and cancellation policy .
See our full range of on-demand courses or find out more about our Essential Skills courses.